Monthly Archives: January 2014

Nifty and Bank Nifty Technical Analysis for 10 Jan’14

Nifty as on 09 Jan’14– 6168.35 (-6.25)    Bank Nifty as on 09 Jan’14– 10970.45 (-83.25)

The way in which market is behaving is raising our concern. Initially we thought that probability of market taking bounce from this level was higher, but last two days price action and market breadth is not supporting our thought process (although we are on a long side), but may be now it has equal probability or near to equal probability to turn bullish or bearish.

Our cause of concern is keeping tight stop loss. In any case if we keep tight stop loss than for sure we have to surrender and book the minor loss, and if we are keeping a stop than we are playing with risk. Honestly, we don’t know what to do, at this point, may be we’ll look for first half and hour movement and take our call, which is again more judgmental rather precise.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

Nifty and Bank Nifty Technical Analysis for 09 Jan’14

Nifty as on 08 Jan’14– 6174.60 (+12.35)    Bank Nifty as on 08 Jan’14– 11053.70 (+16.95)

In last two sessions, gradually range is getting skewed, and in the last session it traded on extremely subdued note. We believe that “Low Volatility in the market will beget High Volatility” in days to come.  It seems that Nifty and Bank Nifty both has taken support and likely to move on positive note, but both are trading on edge, so taking aggressive bet may also take toll from us.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

Nifty and Bank Nifty Technical Analysis for 07 Jan’14

Nifty as on 06 Jan’14– 6191.45 (-19.70)    Bank Nifty as on 02 Jan’14– 11049.05 (-132.60)

There is nothing much to infer from price action. Only Banking Index is turning weak, but still support of 11000-10900 is intact and CNX IT index may cool-off, but it is early to comment on it.

It’s testing times, Bears who are already short in the market may be enjoying the fruits, but we believe it is more risky bet here. Let’s see, what is price action today, meanwhile we are just spectators.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

PMS Update as on 03 Jan’ 2014 updated

As, few subscribers are added in our Portfolio Management Services, and now we are reshuffling the portfolio, adding stocks, and booking full or part profits from our existing portfolio. Name will be disclosed in due course of time. If any of the readers wish to subscribe than do let us know.

PMS STATUS AS ON 03 JAN UPDATED

 

Nifty & Bank Nifty Weekly Technical Outlook for 06th Jan, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Year 2014 begins with downside surprise to most of the traders, as markets were expecting at least one upside move. Basically, in last couple of weeks, precisely post Diwali, market has build perplexity around it; there are traders who strongly believe that still we have to see huge round of sell-off as one higher degree of corrective move is still pending, and there are traders who totally negate the idea, based on their understanding and analysis. Now, there is another factor which is more important i.e. FII’s money flow, we all agree or not most of the times it is their analysis which drives the overall market.

Lets take some inference from technical studies and see where market is heading in coming week. To read our full article you need to fill in details here and our newsletter will be dispatched in your mail box by tomorrow. Click here to register,

PMS Update as on 03 Jan’ 2014

PMS STATUS AS ON 03 JAN

We are adding few stocks, and planning to book profit in some stocks, name of the stocks will be conveyed to our subscribers in due course of time. If you want to know more about our services than just click here and fill your detailswe’ll give you a call back.